Rupee Strengthens for 29th Consecutive Day Against US Dollar

The Pakistani Rupee (PKR) continued its remarkable winning streak on Tuesday, closing stronger against the US Dollar (USD) for the 29th consecutive day. The local currency appreciated by 0.01% day-on-day, settling at Rs280.87 in the interbank market.

According to financial analysts, the rupee’s sustained recovery reflects improved market confidence, consistent inflows from remittances, and tighter foreign exchange controls. On a fiscal year-to-date (FYTD) basis, the PKR has appreciated by 1.09% against the dollar.

The rupee also gained ground against other major currencies during today’s session, showing broad market strength.

“Stable reserves and a narrowing trade deficit have supported PKR’s steady performance,” a market observer noted.

Economists believe the rupee’s continued strength will help ease inflationary pressures, though they caution that maintaining this momentum depends on stable external financing and disciplined fiscal management.